Canadian Warrants

An application has also been granted for the listing of 13,900,912 common share purchase warrants, of which 11.35 million will be issued and outstanding and 2,550,912 will be reserved for issuance.

The common shares and warrants will be sold to the public in the form of units at a price of $1.50 per unit. Each unit will consist of one common share and one-half of one warrant. Each whole warrant will entitle the holder to acquire one common share at a price of $2.25 at any time prior to 5 p.m. (Toronto time) on the date that is 12 months from the closing of the offering. The units will separate immediately upon issuance.

Listing of the common shares and warrants will become effective at 5 p.m. on Wednesday, July 28, 2010, in anticipation of the offering closing before the opening on Thursday, July 29, 2010. The common shares and warrants will be posted for trading at the opening on Thursday, July 29, 2010.

The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.

Capitalized terms not otherwise defined are as defined in the company's prospectus dated July 12, 2010, which is available at SEDAR.

Common shares:
Stock symbol: DNA
Cusip: 235499 10 0
Trading currency: Canadian

warrants:
Stock symbol: DNA.WT
Cusip: 235499 10 0
Trading currency: Canadian

Temporary market-maker: GMP Securities Inc.
Other markets: None

Incorporation: The company was incorporated on March 27, 2009, under the name SA Resources Inc. pursuant to the provisions of the Business Corporations Act (Ontario). On April 28, 2010, the company filed articles of amendment to change its name to Dalradian Resources.

Fiscal year-end: Dec. 31

Nature of business: Through its wholly owned subsidiary Dalradian Gold Ltd., the company's activities are focused on the exploration of the Tyrone project located in the counties of Tyrone and Londonderry, Northern Ireland.

Transfer agent and registrar: Valiant Trust Company at its principal office in Toronto

Dividends: The company has not paid dividends since the date of its incorporation and it does not expect to have the ability to pay dividends in the near future. If the company generates earnings in the future, it expects that they will be retained to finance further growth, and when appropriate, retire debt.

Public offering: Pursuant to the terms of the prospectus, 26,105,000 units are being offered to the public by GMP Securities LP, Dundee Securities Corp., Clarus Securities Inc. and Cormark Securities Inc. at a price of $1.50 per unit.